The statement is made on the second day of trade negotiations with Chinese counterparts in the Spanish capital Madrid, where US Trade Minister Jamieson Greer also participates.
I think that when it comes to the Tik Tok issue itself, we are very close to resolving it. There are many other issues that are unresolved, says Bessent.
The Chinese delegation is led by Vice Premier He Lifeng and according to Bessent, He has pushed aggressively in many issues.
According to Greer, the US and China are discussing the imbalances in trade flows between the world's two largest economies, but he says that he currently does not see a way forward to resolve it.
The meeting in Madrid is held ahead of what may become a summit between US President Donald Trump and China's leader Xi Jinping in October, when both are expected to attend a meeting in South Korea.
The Trump administration has demanded that the Chinese owner Bytedance sell Tik Tok in the US, with a deadline for an agreement on a transaction on Wednesday this week.
According to the news agency Reuters however, the Trump administration is expected to extend Bytedance's deadline to get a deal in place.
